The foundation of the bull market remains solid! The net inflow of Southbound single-day purchases of the CSI A500ETF exceeded 3.1 billion yuan, with net inflows for 14 consecutive days, reaching a scale of nearly 40 billion yuan.

On December 23rd, the three major stock indexes in A shares surged in volume. By the end of the morning session, the Southern A500 ETF rose by 0.57%, with a turnover of 64.19 billion yuan. In terms of fund flows, the Southern A500 ETF received a net inflow of funds of 31.46 billion yuan in a single day yesterday, marking the 14th consecutive day of net inflow, with a total scale of 392.46 billion yuan. In the past five days, the fund saw a net inflow of 93.41 billion yuan, and in the past ten days, it received net subscriptions of 160.21 billion yuan. Real-time subscription and redemption data from Wind showed that the fund received 700 million applications for subscription in the morning of the 23rd, indicating that the latest scale may have exceeded 40 billion yuan. In terms of liquidity, since December, the daily average turnover of the Southern A500 ETF has reached 61.23 billion yuan, demonstrating significant liquidity advantages. Guangda Securities pointed out that the Shanghai Composite Index has risen above 3900 points again, coupled with a general rise in technology stocks, market sentiment and confidence have visibly improved. At the same time, as the end of the year approaches, some funds have started to position themselves early for a potential "spring frenzy" market next year, which may drive the market to rebound continuously. Xinda Securities believes that tactically, the foundation of the bull market remains solid, with the possibility of profit improvement and resonant fund inflows for the year. Strategically, considering the current relatively high valuation of A-shares, the decrease in strong growth expectations, and lingering uncertainty risks in external markets, the short-term market may be in a period of adjustment before the start of the end-of-year market rally. There is a high probability of a spring rally before the 2026 Spring Festival, so attention should be paid to economic data, liquidity, or signs of positive changes in industry catalysts. The A500ETF fund closely tracks the A500 index, which is known as the "barometer of China's new productive forces." It selects 500 securities with larger market values and better liquidity from various industries as index samples to reflect the overall performance of the most representative listed companies in each industry. Investors can conveniently deploy their funds through the Southern A500ETF and its related funds.